Ultratech secures 4.09 LT of coal supply

Ultratech secures 4.09 LT of coal supply

PTI  |  Aug 02, 2016, 08.03 PM IST

New Delhi: Ultratech Cements today said it has so far secured 4.09 lakh tonnes (LT) of coal linkages for its plants in Chhattisgarh and Maharashtra.

The flagship firm of the Aditya Birla Group will also participate in future coal linkage auctions to secure supply of the dry fuel for its plants, it said in a regulatory filing.

"With these auctions, the company has secured in all, coal linkages for 4,09,500 tonnes for its plants located at Maharashtra and Chhattisgarh. Both these locations are land locked and this helps the company in mitigating the impact of rising costs of petcoke/ imported coal," it added.

The firm also announced that it participated in auction of coal linkages for captive power plant sub-sector and secured 1,29,000 tonnes of coal at a premium of Rs 100 per tonne over a floor price of Rs 970 a tonne from Gevra Road mines in Maharashtra.

It also secured 1,38,200 tonnes of coal at a premium of Rs 125 per tonne over floor price of Rs 970 a tonne from the New Kusmunda (NKCR) mines in Chhattisgarh, it added.

"The company intends to participate in the future linkage auctions for its plants located strategically near the coal mines," Ultratech said.

http://energy.economictimes.indiatimes.com/news/coal/ultratech-secures-4-09-lt-of-coal-supply/53509086